Black Swan Graphene (FRA:R96) ROCE % : -34.31% (As of Dec. 2023)

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What is Black Swan Graphene ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Black Swan Graphene's annualized ROCE % for the quarter that ended in Dec. 2023 was -34.31%.

Black Swan Graphene ROCE % Historical Data

The historical data trend for Black Swan Graphene's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Black Swan Graphene ROCE % Chart

Black Swan Graphene Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-13.86

-25.75

-30.47

Black Swan Graphene Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							-35.39	-21.35	-37.35	-24.39	-34.31

Black Swan Graphene ROCE % Calculation

Black Swan Graphene's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-3.211	/	( ( (12.074 - 0.451)	+	(9.533 - 0.078) )	/ 2 )
	=	-3.211	/	( (11.623	+	9.455)	/ 2 )
	=	-3.211	/	10.539
	=	-30.47 %

Black Swan Graphene's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-3.528	/	( ( (11.393 - 0.284)	+	(9.533 - 0.078) )	/ 2 )
	=	-3.528	/	( ( 11.109	+	9.455 )	/ 2 )
	=	-3.528	/	10.282
	=	-34.31 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Black Swan Graphene (FRA:R96) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Black Swan Graphene (FRA:R96) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Black Swan Graphene Inc (FRA:R96) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

BSWGF:USA R96:Germany SWAN:Canada

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, M5H 1T1

Website

https://www.blackswangraphene.com

Black Swan Graphene Inc is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, Li-ion batteries, and others, which are expected to require large volumes of graphene and, in turn, require large volumes of graphite.

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